News for CPAs…
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Accrual Accounting Provision included in Tax Reform Act of 2014
The Tax Reform Act of 2014 that was unveiled by House Ways and Means Committee Chairman Dave Camp (R-Mich.) yesterday includes a requirement that CPA firms and other businesses with average annual gross receipts of more than $10 million use accrual accounting for tax purposes. Read More -
IRS Criminal Investigation Issues Annual Report
The Internal Revenue Service released the IRS Criminal Investigation (CI) Annual Report for fiscal year 2013, reflecting significant increases in enforcement actions against tax criminals and a robust rise in convictions, including identity theft. Read More
Latest Blogs
- IRS Finalizes Clarifications to Substantial Risk of Forfeiture Under ยง83 February 26 at 6:19 am Learn More
- Residential Developer Allowed to Consider Common Area Amenities in Determining Completion of Individual Contracts of Sale for Residences Under Completed Contract Method February 13 at 9:45 am Learn More
